Business Consult
Bank in Vredenburg
www.businessconsult.co.za
Address
Suite. Vredenburg. Western Cape. 7535Are you the owner or manager of this company?
What you should know about Business Consult
Business planning is the process by means of which a business owner plans the success of his or her business. These goals and objectives, after considering the environment and a SWOT analysis, should result in detailed quarterly objectives and Key Performance Indicators (KPIs) or KPAs. Business planning should be comprehensive and the planning process is as important as the result. In the process of planning, ideas and plans are considered, formulated or discarded as a result of in-depth thinking and a process of analysing the interim results. Businesses that follow a detailed business plan, goals and objectives are doing much better than businesses that do not have an official business plan or strategy. The responses showed that those who completed business plans were nearly twice as likely to successfully grow their business or obtain capital, than those who did not write a plan. The owners of small businesses are diverse in background, experience and training. Some are doctors, some are professional people and some come from big corporations, others from the trades. Some will see it as profits, others will say it is business growth, still others would say it is personal growth and satisfaction. To be a successful small business owner means that you need in-depth business knowledge or experience in marketing, sales, financial bookkeeping, personnel management, production and strategy. If you have decided to put up your Business for Sale, it is a good idea to plan the sale beforehand. Planning the selling process leads to a better price, less legal worries and paying the least amount of tax and this would therefore maximize your capital. It is also a fact that business owners rely mostly on business brokers to sell their business successfully (the last step in the process). Business owners need excellent business advice as well as legal advice to decide on the content and scope of all business agreements. Excellent business insight is necessary to formulate these agreements into solid legal contracts. One of the critical contracts between businesses is a coöperation agreement. Both parties would benefit if the whole contract is put in writing and is well understood by all, without any small print or hidden agendas or agreements. If the existence of a business depends on an agreement or contract, it is important that this must be comprehensive, well written and understandable. Tienie le Roux is in demand as a public speaker at business chambers’ meetings, on such topics as business planning, strategy, as well as legal aspects or changes in legislation and the impact of this on businesses. He also conducts workshops and training sessions on demand and will assist small business owners as a coach or mentor (as needed) to plan and become more successful. This plan must be attractive enough to raise capital or convince a bank or other institution that the business is sound and the capital safe, and further, that the business can afford the monthly payment of interest and capital. Sometimes a business needs to undergo some changes or restructuring to qualify for the loan or equity capital needed. Practical business advice and sound legal advice are then required to formulate the restructuring strategy and implementation plan before the business plan can be presented to the funding institution or body. Small business training or strategy workshops/planning sessions are conducted on request to help business owners and their staff to formulate a successful business strategy and/or a marketing and sales plan.
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